The risk is that China would action the swap and would require $30 billion in Canadian dollars to supply to Chinese banks. China is sitting on foreign exchange reserves of some $430 billion right now, so they have quite a lot of cash.
February 19th, 2015 / 9:10 a.m.
Senior Director, Economic, Financial and Tax Policy, Canadian Chamber of Commerce
The risk is that China would action the swap and would require $30 billion in Canadian dollars to supply to Chinese banks. China is sitting on foreign exchange reserves of some $430 billion right now, so they have quite a lot of cash.
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